264 episodes

Talking Tax, from Bloomberg Tax, is a weekly discussion of the most pressing issues facing tax and accounting professionals. Each week the podcast features discussions with lawmakers, federal regulators, lawyers, and journalists. From the courts to Capitol Hill to the IRS, Talking Tax has it covered.

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    • 3.0 • 1 Rating

Talking Tax, from Bloomberg Tax, is a weekly discussion of the most pressing issues facing tax and accounting professionals. Each week the podcast features discussions with lawmakers, federal regulators, lawyers, and journalists. From the courts to Capitol Hill to the IRS, Talking Tax has it covered.

    Two Discussions on State of International Tax Landscape

    Two Discussions on State of International Tax Landscape

    On this week's episode of Talking Tax, we bring you two discussions that focus on some of the biggest developments facing multinationals' tax departments.
    First, OECD tax head Grace Perez-Navarro shares with Bloomberg Tax reporter Isabel Gottlieb a glimpse into what's coming next from the global tax deal: the transfer pricing simplification plan known as Amount B, details on which unilateral measures will be revoked, and more guidance on the global minimum tax.
    Next, the acting commissioner of the IRS's Large Business and International Division, Holly Paz, talks to Bloomberg Tax reporter Michael Rapoport about where her team is focusing, including on transfer pricing audits and partnerships' disclosure of foreign income.
    These discussions took place at Bloomberg Tax's Nov. 17 Leadership Forum.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 26 min
    Global Crypto Tax Standards Near With G20 Support

    Global Crypto Tax Standards Near With G20 Support

    Calls for regulation and global standards for the cryptocurrency industry have taken on fresh urgency recently, with the stunning collapse of Sam Bankman-Fried’s FTX exchange and its sister trading house Alameda Research.
    One important regulatory proposal already in progress is the Organization for Economic Cooperation and Development’s Crypto Asset Reporting Framework—CARF—which would standardize how global tax authorities regulate and share information on cryptocurrency assets and still give nations significant leeway to set their own rules. The G20 endorsed the OECD’s crypto plan at its October finance minsters meeting.
    On this episode of our weekly podcast, Talking Tax, Bloomberg Tax correspondent Shaun Courtney speaks with the OECD Center for Tax Policy and Administration’s Paul Hondius and Artur Olszewskicq about the crypto framework. Hondius and Olszewski talk about what the new framework does and doesn’t do, how it meets the needs of tax administrations, and expectations for implementation of the standards among G20 nations—which of course include the U.S. They also offer an update on the organization's timeline for creating legal and IT solutions to help countries with implementation and global information sharing.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 11 min
    The Future of Tax: What to Watch for In Next Congress

    The Future of Tax: What to Watch for In Next Congress

    The polls have closed on the midterm elections, but with many races left undecided, it's still unclear which party will lead the next Congress.
    Though there was no "Red Wave" as some prognosticators predicted, Republicans appear to be closing in on a narrow majority in the House. In the Senate, the balance of power remains up in the air as the Nevada and Arizona races remain uncalled, and the Georgia contest between Democratic incumbent Raphael Warnock and Republican Herschel Walker heads toward a December runoff.
    On this episode of our weekly podcast, Talking Tax, Bloomberg Tax reporters Chris Cioffi, Naomi Jagoda, and Samantha Handler preview what kind of oversight a House Republican majority may conduct and who's poised to take over for retiring ranking member Kevin Brady (R-Texas).
    The group also talks about how a potentially GOP-controlled Senate could slow down the process of confirming a new IRS commissioner to replace the outgoing agency head, Charles Rettig.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 13 min
    Fitch's State Ratings Chief on Inflation, Recession

    Fitch's State Ratings Chief on Inflation, Recession

    State policy makers and budget officials are facing a period of greater economic uncertainty as forecasts increasingly point to the likelihood of at least a mild U.S. recession in 2023. Over the past year many states have sought to stay ahead of any downturn by managing their budgets more prudently.
    Roughly 30 states took some type of permanent tax policy action in 2022 through their legislatures—rate cuts for income, corporate, or both, plus some sales tax holidays—to offer relief to taxpayers. Many also put more guardrails in place to help offset future economic volatility by funding reserves, instituting revenue triggers, or slowly phasing in rate cuts.
    On this episode of Talking Tax, Bloomberg Tax reporter Donna Borak speaks with Eric Kim, head of state ratings and senior director at Fitch Ratings, about his outlook on the U.S. economy and how states are preparing for what's expected to be challenging economic times ahead.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 15 min
    Deloitte Tax CEO Talks New Laws, Plans Before Guidance

    Deloitte Tax CEO Talks New Laws, Plans Before Guidance

    Tax professionals are racing to advise companies on two laws passed this year—the tax-and-climate law and the CHIPS Act—both providing tax credits that can be claimed as soon as Jan. 1. Guidance from IRS and Treasury can't come soon enough as companies try to decipher how they would be affected.
    On this episode of our weekly podcast, Talking Tax, we discuss one Big Four accounting firm's strategy for working with companies as they eagerly await guidance.
    Bloomberg Tax's Erin Slowey speaks with Steve Kimble, chairman and CEO of Deloitte Tax LLP. Kimble talks about some of the biggest questions he'd like to get answered from the agencies and how companies shouldn't wait for guidance before planning. We also get an update on how the firm is consulting with companies ahead of the midterm elections.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 11 min
    Texas Ponders What's Next for Big-Money Tax Breaks

    Texas Ponders What's Next for Big-Money Tax Breaks

    Companies have rushed to apply for an expiring Texas program that offers hefty school district property tax abatements for new manufacturing and renewable energy projects.
    The Chapter 313 incentive has drawn big investment through its 20-year history, but has been criticized as too expensive and harmful to some schools and populations. It wasn't renewed, and policy makers are determining whether and how to redesign it. In the meantime, applications for it leaped to more than 400 this year as companies including Tesla Inc., Samsung Electronics Co. Ltd., and Micron Technology Inc. try to get their awards while the program still exists. There were 74 applications in 2021 and 49 in 2020.
    Bloomberg Tax’s Angélica Serrano-Román sat down with representatives of key players—school groups, researchers, and transparency organizations—to talk about the tax incentive, its impact on state revenues and budgets, and the possibility that lawmakers will take up the issue next year.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 10 min

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